Archive for the Federal Courts Category

National Financial Literacy Month: Teaching Financial Literacy In The “Debt Age” (April 25, 2016)

Posted in Awards / Incentives, Consumerism, Economics, Economics Nobel, Federal Courts, Kleptocracy, Nobel Prize, Noble Prize, Schooling on April 25, 2016 by e-commentary.org

. . .

K          “But do they really want them to be financially literate.”

J          “Who wants a citizenry to be financially literate.  Illiteracy is so profitable.”

K          “What would they teach.”

. . .

K          “For a few hours, they should teach them simply to consume less.  That is the answer.  Devour less.  That goes against the spend and spend and spend and consume and consume and consume mantra they are fed every waking moment on every medium everywhere they venture.”

J          “The same corporations and institutions that ceaselessly propagandize them to spend then underwrite a few hours of instruction advising them, in effect, not to spend.”

. . .

K          “You could teach supply and demand, yet supply and demand no longer drive or dictate price.”

J          “Price/earnings ratios remain a sound financial metric in an economy with accurate price discovery.  With all the government and private sector manipulation and intervention, they are not relevant or reflective metrics of reality.”

. . .

K          “Markets do not exist.  The ‘stock market’ is a Racket.  What few insider trading cases are prosecuted are overturned and repudiated by obliging federal appellate courts doing their job protecting the Kleptocracy.”

. . .

K          “Personal finance courses would at core contradict all the carpet bombing saturation advertising inflicted on the public.  And look how the consequences define our age.  We have evolved from the ‘Stone Age’ to the ‘Bronze Age’ and now to the ‘Debt Age’.”

J          “Still prudent to avoid debt at any cost unless the return is nearly certain.  The debt one assumes to spend time around a college may not be worth the return.”

K          “To the individual and also to society.  Buying a used car and not eating at a restaurant are sound pieces of financial literacy advice.  However, someone must buy new cars and frequent restaurants on occasion.”

J          “The loans for new cars exceed the expected life of the cars.  Restaurants are moving to computer ordering and eliminating the wait staff.” 

. . .

K          “All prices are manipulated and manufactured.  What would you teach.” 

J          “Most current economic curricula in America’s colleges and universities is a secular religion built on inaccurate assumptions and the conviction that growth can continue forever.”

K          “To educate the Nobel Prize winners in Economics in economics, night classes in financial literacy could be offered.”

J          “The classes for them would need to be scheduled around their daily teaching schedules propagandizing the religious orthodoxy.”

. . .

[See the discussions of the “Save” program and the “Credit Abuse Resistance Education” program.]

[See the e-commentary at “Consume, Don’t Invest (Nov. 9, 2009).”]

Bumper sticker of the week:

“The more flak you get the closer you are to the target.”  World War Two bomber’s observation

A Second Party:  Trump or Sanders? (March 14, 2016)

Posted in Banks and Banking System, Democrats, Elections, Federal Courts, Freedom / Liberty, Republicans, Stock Market, Supreme Court, Tea Party, Voting, Wall Street, War, War and Wall Street Party on March 14, 2016 by e-commentary.org

. . .

J          “Do political ideas proceed along a line/continuum or around a circle?”

K          “The ACLU card-carrying citizen turns around and bumps into a ‘Who is John Galt?’ hat-wearing libertarian sporting an ‘Ayn Rand Paul’ button.  Each should wonder whether they have something in common.”

. . .

K          “Trump supporters yearn for someone who speaks his mind – right or wrong – rather than a politician who only lies and lies and lies and lies to them.”

J          “Can you blame them.  But it is still a message of hate and fear.  I can blame them.”

K          “Disturbing message and tone, I agree.  And then Sanders notes that socialism/crony capitalism has made the wealthy even wealthier and thus socialism without crony capitalism may offer some promise for the non-wealthy.”

J          “Two strains of populist messages at a strained time in the Republic.  Yet Trump’s authoritarian message is disturbing and threatening.  The message is no longer conveyed with dog whistles.”

. . .

J          “The two-ring circus to select the ‘D’ representative and the ‘R’ representative of the ‘War and Wall Street’ Party grinds forward.”

K          “Sanders is not the War candidate and not the Wall Street candidate, so he is doomed.”

J          “In the FIRE (‘Finance, Insurance, Real Estate’) World, Trump is more of a ‘Real Estate’ person than a Wall Street/‘Finance’ person, yet he is not interested in or even able to reign in the systematic criminal activities on Wall Street.  He is belligerent and he is bellicose, yet he does not fit in with the Neo-Cons who seek war everywhere all the time.”

K          “‘Belli’ means ‘war’.”

J          “Trump is mean and Trump means war on some groups.”

K          “So he is the Quasi-War and Quasi-Wall Street Party candidate.”

. . .

K          “The real war is over the Supreme Court.  In past years, the Democrats tended to appoint slightly less dishonest federal appellate and district court judges, although recent Democratic appointments are as dishonest as the Republican appointments.”

J          “They vitiated the last remaining tie breaker.  Now who do you vote for?”

. . .

J          “The Owners own Clinton, Cruz, Rubio, Bush, Romney and their ilk.  Sanders and Trump are speaking too freely.”

K          “Hillary Cruz, Ted Rubio, Marco Bush, Jeb Romney and Mittens Clinton.  No matter how you mix it up, it is all the same.”

. . .

[See the e-commentary at Tea Party And Innocence Project Form ‘Liberty Alliance’ (September 9, 2013) and The “War and Wall [Street] Party” On The War Path (February 1, 2016).]

Bumper sticker of the week:

Nihilism as a response to the deeply-entrenched Kleptocrary is not always irrational.

Here Comes Da Judge; Dere Goes Da Justice (August 31, 2015)

Posted in Courts, Federal Courts, Judges, Judicial Arrogance, Judiciary, Law, Law School, Magazine Reference on August 31, 2015 by e-commentary.org

. . .

B-W L          “I told my client in a personal meeting face to face in the office that we were assigned a judge who would rule against us without reading any of the pleadings.  Zero percent chance of success.  An appeal was too expensive.  The client said to proceed making the arguments and angle for an angle, some angle, any angle.  You should always send a separate letter as an attachment to an e-mail and by snail mail to the client confirming your concerns that the outcome may not be favorable as discussed.  I slow rolled things playing for time with no grand plan.  Out of the blue, an entity moves and is allowed to intervene; the judge steps out of the case without comment.  New judge takes over case; new judge follows the law; client prevails.  You need to get lucky some times.”

W-E L S          “We are spending the third year trading war stories like this in the student lounge.”

B-W L          “And that part of the process is not even covered by tuition.  I told another client that we drew the right judge and could expect a favorable outcome.  Some judge gets deployed overseas to join in killing innocent folks and a new judge is assigned.  A judge who liked to use the expression ‘a no-brainer’ and met that qualification.  However, the argument required a brain.  He employed his patented ‘no brainer’ analysis.”

W-E L S          “Dead.”

B-W L          “DOA.  Upon notice of the reassignment, the first reaction was utter dread.  Game over.  A death notice from the court.  You may not realize that your state still has the death penalty in civil cases.  And not a shot was fired.  How do you explain it to a client who is utterly disgusted with the whole process.  He kept yelling that he wanted the first judge and wanted me to get the first judge back.”

. . .

B-W L          “MSU is a military expression that applies to the law.  Making Stuff Up.  The facts and the law.  No one will ask the fundamental question whether all the money, public and private, spent to indoctrinate a young law student is worth fomenting the illusion and delusion.  Is there value in the truth?”

W-E L S          “Can I get a refund on my tuition?”

. . .

B-W L          “Few if any of your law professors ever practiced law.  You are obligated to repeat and are rewarded for propagating the myth.  That is the Game.”

. . .

[B-W L: Battle-Weary Lawyer; W-E L S: Wide-Eyed Law Student]

[See the e-commentary at Playin’ The Legal Game (March 28, 2011) and Assigning Blame: The Lawyers: 50 Percent; The Non-Lawyer Public: 50 Percent; The Judges: 100 Percent (December 3, 2012).]

Bumper stickers of the week:

“Your honor, we will be filing a motion this afternoon to transfer this case to an entirely different judicial system.”  “The New Yorker” cartoon in office.

MSU:  The motto of the American judicial system

A system of men and women not a system of laws.

The first thing we do let’s banish the American-acculturated judges.

“Romney – O’Bama Care” In Practice (February 9, 2015)

Posted in Bankruptcy, Congress, Federal Courts, Health Care, O'Bama, Romney, Supreme Court on February 9, 2015 by e-commentary.org

. . .

T1          “One of the biggest misrepresentations of our generation is the statement by President O’Bama that a person could keep his or her insurance policy.  That ‘executive summary’ of the legislation by the Chief Executive led me to believe that the legislation was at least neutral if not benign.”

T2          “The legislation moved so fast that only a few on the inside knew what would transpire.”

T1          “The Federal Courts uniformly reject the doctrine that there is estoppel against the President or any federal official.  One of the great things about being on the inside of the Federal Government, for Republicans and Democrats alike, is that lies are not actionable and are blessed by the Federal Courts.”

T2          “No one cares.  And everyone on the inside gets a regular paycheck and a gilded pension.  And free health care.”

. . .

T1          “It was X dollars last year and then 2X dollars in December and then 3X dollars in January.  February brings a new number and a new nightmare.”

T2          “Before passage, a citizen filed bankruptcy after receiving health care.  After passage, a citizen files bankruptcy before receiving health care.”

. . .

T1          “Boehner does not have to navigate the mine field of ‘Romney – O’Bama Care.’  Pelosi does not have to navigate the mine field of ‘Romney – O’Bama Care.’  McConnell does not have to navigate the mine field of ‘Romney – O’Bama Care.’  Reid does not have to navigate the mine field of ‘Romney – O’Bama Care.’  They are all covered at no cost.”

T2          “No one cares about health care for the people.”

T1          “The Republicans are wasting tremendous money with all the repeated and futile votes to repeal ‘Romney – O’Bama Care’ without providing any alternative legislation.  The Supreme Court is not the forum because bad policy is not necessarily unconstitutional, it is just bad policy.”

T2          “The doctors and nurses have the most insightful perspective and provided the answer years ago.  A single payer system would work for them and their patients.”

T1          “The Republic cannot afford a single payer system and cannot afford not to have a single payer system.  The current schemes are so grindingly inefficient and unfair and only enrich insurance companies.”

T2          “No one cares.”

. . .

[See the e-commentary at The “Contract with America”; The Congressional Reform Act of 2010 (March 29, 2010).]

Bumper sticker of the week:

Stay healthy then die quickly